Types Of Bankruptcy

Alarm at $12 wage plan  Retailers say Government plans to boost the minimum wage to $12 an hour would cost them $760 million, just as interest-rate rises begin to bite.read more...


Mortgage Broker Indicted in Fraud Scheme  A mortgage broker who worked in Hinds and Rankin counties is facing a thirteen count indictment.read more...


Open-House Blog: Buyers Gain Advantage In the Housing Market  This week's survey of real-estate news from across the Web takes a look at cooling demand on the coasts, why sellers no longer have the upper hand in Las Vegas,


Lenders Clamp Down On Inflated Appraisals  With home prices climbing by double-digits in parts of the country, mortgage companies move to weed out problematic valuations.via


November emerges as rate-cut hope  Mortgage-holders and other borrowers can expect a rate cut by November after weaker-than-expected retail sales and slowing inflation signalled the economy is moving closer to stalling.read more...


Lenders Rethink Home-Equity Loans  As home values continue to sink some mortgage companies are walking away from delinquent loans instead of foreclosing while some others are getting stingy with borrowers. read more...

November 5th, 2007

US mortgage market crisis hits Commerzbank (EARTHtimes.org)

Frankfurt – Commerzbank AG added its name Tuesday to the growing list of international banks hit by the US mortgage market crisis when it reported lower-than-expected third-quarter profits and hefty writedowns totalling 291 million euros (423.3 milli…

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